Market Overview:
The global fleet management technology market is expected to grow from USD 9.02 billion in 2018 to USD 16.06 billion by 2030, at a CAGR of 7.0% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for fleet management solutions due to the rising need for improved efficiency and safety in transportation operations across different industries. Furthermore, the increasing adoption of fleet management technologies by small and medium-sized businesses (SMBs) is also contributing significantly to the growth of this market.
Product Definition:
Fleet management technology is a broad term that can refer to a variety of different systems and applications used to manage fleets of vehicles. These systems can include GPS tracking, vehicle diagnostics, and fuel monitoring systems, among others. The main purpose of fleet management technology is to help business owners and managers track the location and status of their vehicles, as well as optimize their use for cost savings.
Operation Management:
Fleet operation management is a tool that helps to coordinate and monitor the activities carried out in a vehicle. It includes tracking fuel consumption, maintenance schedules, diagnostics data collection and information related to driver performance. Fleet operation management systems are used by organizations for various purposes such as fleet expansion, contract management, fleet optimization and customer services.
Asset Management:
Asset management is a tool that helps to track and control the utilization of various assets in business. It provides information about the condition of each asset and also forecasts it's future performance. Asset management systems are used by companies for tracking vehicles, equipment or any other physical property which aids in reducing operating expenses, enhancing productivity & efficiency along with providing accurate forecasting capabilities. Fleet Management Technology includes features such as driver behavior analysis, telematics tracking & feedback, vehicle diagnostics reporting etc.
Application Insights:
The commercial vehicles segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for on-road vehicles, such as trucks, buses, coaches and vans. Fleet owners are encouraged to go digital as it helps them manage their entire vehicle fleet from a single platform. Moreover, integration of OMT with GPS technology enables real-time tracking of each vehicle¢â‚¬â„¢s location which further enhances operational efficiency.
Regional Analysis:
The North American regional market is expected to dominate the global fleet management technology market with a revenue share of over 35% in 2016. The region has been witnessing high demand for improved driver safety and security systems, which are further fueling the growth of this industry. Furthermore, technological advancements such as connected vehicles and smart sensors have made vehicle communication systems an integral part of Fleet Management System (FMS). This factor is also contributing toward the growth of FMCGT industry in this region.
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives pertaining to road safety coupled with rising number of accidents on Indian roads every year. In addition, growing adoption rate for advanced driver assistance systems (ADAS) such as lane departure warning system & forward collision warning system will drive demand for FMCGT solutions in Asia Pacific region during forecast period from 2017 to 2030 (as per GITA Group).
Growth Factors:
- Increasing demand for fleet management services from the logistics and transportation sector
- Proliferation of connected vehicles and the Internet of Things (IoT)
- Growing demand for real-time tracking and tracing of fleets
- Rising adoption of big data and analytics in fleet management operations
- Emergence of new business models such as pay-as-you-go, usage-based insurance, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Fleet Management Technology Market Research Report
By Type
Operation Management, Asset Management, Driver Management
By Application
Commercial Motor Vehicles, Private Vehicles, Avaiation Machinery, Ships, Rail Cars
By Companies
TeleNav Inc., TomTom International BV, Trimble Navigation Ltd., ARI, Autotrac, Blue Tree Systems, BSM Wireless, CarrierWeb, Celtrak, Chevin, Ctrack, DriverTech, EDT, FieldLogix, Fleetcor Technologies, Fleetio, Garmin International, GPS Integrated, GPSTrackIt, I.D. Systems, Inosat Global, Intelligent Mechatronic Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Fleet Management Technology Market Report Segments:
The global Fleet Management Technology market is segmented on the basis of:
Types
Operation Management, Asset Management, Driver Management
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Motor Vehicles, Private Vehicles, Avaiation Machinery, Ships, Rail Cars
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TeleNav Inc.
- TomTom International BV
- Trimble Navigation Ltd.
- ARI
- Autotrac
- Blue Tree Systems
- BSM Wireless
- CarrierWeb
- Celtrak
- Chevin
- Ctrack
- DriverTech
- EDT
- FieldLogix
- Fleetcor Technologies
- Fleetio
- Garmin International
- GPS Integrated
- GPSTrackIt
- I.D. Systems
- Inosat Global
- Intelligent Mechatronic Systems
Highlights of The Fleet Management Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Operation Management
- Asset Management
- Driver Management
- By Application:
- Commercial Motor Vehicles
- Private Vehicles
- Avaiation Machinery
- Ships
- Rail Cars
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fleet Management Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fleet management technology is a suite of software and hardware tools used to manage fleets of vehicles, including tracking vehicle location, managing fuel usage, and issuing alerts when a vehicle needs service.
Some of the major players in the fleet management technology market are TeleNav Inc., TomTom International BV, Trimble Navigation Ltd., ARI, Autotrac, Blue Tree Systems, BSM Wireless, CarrierWeb, Celtrak, Chevin, Ctrack, DriverTech, EDT, FieldLogix, Fleetcor Technologies, Fleetio, Garmin International, GPS Integrated, GPSTrackIt, I.D. Systems, Inosat Global, Intelligent Mechatronic Systems.
The fleet management technology market is expected to grow at a compound annual growth rate of 7%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fleet Management Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fleet Management Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fleet Management Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fleet Management Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fleet Management Technology Market Size & Forecast, 2020-2028
4.5.1 Fleet Management Technology Market Size and Y-o-Y Growth
4.5.2 Fleet Management Technology Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Operation Management
5.2.2 Asset Management
5.2.3 Driver Management
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Motor Vehicles
6.2.2 Private Vehicles
6.2.3 Avaiation Machinery
6.2.4 Ships
6.2.5 Rail Cars
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fleet Management Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fleet Management Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Operation Management
9.6.2 Asset Management
9.6.3 Driver Management
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Motor Vehicles
9.10.2 Private Vehicles
9.10.3 Avaiation Machinery
9.10.4 Ships
9.10.5 Rail Cars
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Operation Management
10.6.2 Asset Management
10.6.3 Driver Management
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Motor Vehicles
10.10.2 Private Vehicles
10.10.3 Avaiation Machinery
10.10.4 Ships
10.10.5 Rail Cars
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Operation Management
11.6.2 Asset Management
11.6.3 Driver Management
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Motor Vehicles
11.10.2 Private Vehicles
11.10.3 Avaiation Machinery
11.10.4 Ships
11.10.5 Rail Cars
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Operation Management
12.6.2 Asset Management
12.6.3 Driver Management
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Motor Vehicles
12.10.2 Private Vehicles
12.10.3 Avaiation Machinery
12.10.4 Ships
12.10.5 Rail Cars
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Operation Management
13.6.2 Asset Management
13.6.3 Driver Management
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Motor Vehicles
13.10.2 Private Vehicles
13.10.3 Avaiation Machinery
13.10.4 Ships
13.10.5 Rail Cars
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fleet Management Technology Market: Competitive Dashboard
14.2 Global Fleet Management Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TeleNav Inc.
14.3.2 TomTom International BV
14.3.3 Trimble Navigation Ltd.
14.3.4 ARI
14.3.5 Autotrac
14.3.6 Blue Tree Systems
14.3.7 BSM Wireless
14.3.8 CarrierWeb
14.3.9 Celtrak
14.3.10 Chevin
14.3.11 Ctrack
14.3.12 DriverTech
14.3.13 EDT
14.3.14 FieldLogix
14.3.15 Fleetcor Technologies
14.3.16 Fleetio
14.3.17 Garmin International
14.3.18 GPS Integrated
14.3.19 GPSTrackIt
14.3.20 I.D. Systems
14.3.21 Inosat Global
14.3.22 Intelligent Mechatronic Systems
